Can I retire at age 60 with 878,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$72,504$71,859$71,228$70,613$70,013$67,935
2 years$35,893$35,225$34,577$33,949$33,340$31,263
3 years$23,691$23,020$22,374$21,751$21,152$19,142
4 years$17,591$16,922$16,282$15,671$15,086$13,158
5 years$13,932$13,267$12,636$12,037$11,468$9,628
6 years$11,494$10,834$10,212$9,626$9,074$7,323
7 years$9,753$9,098$8,486$7,914$7,380$5,718
8 years$8,447$7,799$7,197$6,639$6,122$4,548
9 years$7,433$6,790$6,198$5,655$5,156$3,668
10 years$6,622$5,985$5,404$4,874$4,393$2,989
11 years$5,958$5,328$4,758$4,242$3,778$2,456
12 years$5,406$4,782$4,222$3,721$3,274$2,031
13 years$4,939$4,322$3,772$3,285$2,855$1,689
14 years$4,539$3,928$3,389$2,916$2,503$1,410
15 years$4,193$3,589$3,060$2,601$2,204$1,181
16 years$3,890$3,293$2,775$2,329$1,948$992
17 years$3,623$3,032$2,525$2,092$1,727$835
18 years$3,386$2,802$2,305$1,886$1,535$705
19 years$3,174$2,597$2,110$1,704$1,369$596
20 years$2,984$2,413$1,936$1,543$1,222$504
21 years$2,812$2,248$1,781$1,400$1,094$427
22 years$2,656$2,098$1,642$1,273$981$362
23 years$2,514$1,962$1,516$1,160$880$307
24 years$2,383$1,839$1,402$1,058$791$261
25 years$2,264$1,725$1,298$966$712$222
26 years$2,153$1,622$1,204$883$641$188
27 years$2,051$1,526$1,118$808$578$160
28 years$1,957$1,438$1,039$741$522$136
29 years$1,869$1,357$967$679$471$116
30 years$1,787$1,281$901$623$426$99
31 years$1,711$1,211$840$572$385$84
32 years$1,639$1,146$784$526$348$72
33 years$1,572$1,085$732$484$315$61
34 years$1,509$1,029$684$445$285$52
35 years$1,450$976$639$410$258$44
36 years$1,394$926$598$377$234$38
37 years$1,342$880$560$348$212$32
38 years$1,292$836$524$321$192$27
39 years$1,245$795$491$296$174$23
40 years$1,200$756$460$273$158$20
41 years$1,158$720$432$251$144$17
42 years$1,118$686$405$232$130$14
43 years$1,080$653$380$214$118$12
44 years$1,043$623$357$198$107$11
45 years$1,009$594$335$183$97$9
46 years$975$566$314$169$88$8
47 years$944$541$295$156$80$7
48 years$914$516$278$144$73$6
49 years$885$493$261$133$66$5
50 years$857$471$245$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $878,000, adding $2,578 every year, while hoping to spend $31,706 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/17/11 Blend
59$878,000$878,000$878,000$878,000
60$970,215$923,681$910,072$1,037,762
61$1,035,442$935,207$906,825$1,094,312
62$1,106,260$946,234$902,406$1,152,056
63$1,183,205$956,706$896,743$1,214,425
64$1,266,867$966,560$889,759$1,281,866
65$1,357,897$975,731$881,375$1,354,875
66$1,457,009$984,148$871,508$1,433,996
67$1,564,989$991,737$860,069$1,519,831
68$1,682,703$998,417$846,967$1,613,041
69$1,811,104$1,004,105$832,105$1,714,357
70$1,951,240$1,008,710$815,384$1,824,583
71$2,104,265$1,012,135$796,698$1,944,606
72$2,271,450$1,014,279$775,937$2,075,403
73$2,454,192$1,015,033$752,985$2,218,051
74$2,654,033$1,014,283$727,723$2,373,738
75$2,872,667$1,011,905$700,025$2,543,774
76$3,111,961$1,007,771$669,757$2,729,602
77$3,373,971$1,001,742$636,784$2,932,812
78$3,660,961$993,672$600,961$3,155,159
79$3,975,423$983,406$562,138$3,398,575
80$4,320,103$970,780$520,157$3,665,193
81$4,698,025$955,620$474,853$3,957,361
82$5,112,519$937,741$426,057$4,277,670
83$5,567,254$916,947$373,587$4,628,976
84$6,066,269$893,033$317,257$5,014,425
85$6,614,015$865,778$256,872$5,437,489
86$7,215,394$834,950$192,226$5,901,991
87$7,875,806$800,305$123,108$6,412,150
88$8,601,200$761,582$49,294$6,972,613
89$9,398,129$718,506$0$7,588,505
90$10,273,813$670,788$0$8,268,935
91$11,236,205$618,119$0$9,023,069
92$12,294,065$560,175$0$9,852,008
93$13,457,049$496,612$0$10,763,352
94$14,735,790$427,068$0$11,765,474
95$16,142,005$351,159$0$12,867,601
96$17,688,604$268,480$0$14,079,904
97$19,389,809$178,603$0$15,413,592
98$21,261,292$81,077$0$16,881,018
99$23,320,319$0$0$18,495,796
100$25,585,913$0$0$20,277,529